Small Business Investment Grant Fund; administration, qualifications. (SB179)
Introduced By
Sen. Louise Lucas (D-Portsmouth)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Small Business Investment Grant Fund; administration; qualifications. Changes the administration of the Small Business Investment Grant Fund from the Department of Small Business and Supplier Diversity to the Virginia Small Business Financing Authority. The bill also changes the eligibility of businesses to receive a grant from the fund by (i) removing the requirement that a business be certified as a small business by the Department, (ii) limiting the total grant allocation from the Fund to $250,000 per eligible investor, and (iii) extending the period during which an eligible investor can make a qualified investment in a small business from January 1, 2015, to January 1, 2019. Read the Bill »
Status
03/29/2016: signed by governor
History
Date | Action |
---|---|
01/04/2016 | Prefiled and ordered printed; offered 01/13/16 16100998D |
01/04/2016 | Referred to Committee on General Laws and Technology |
01/18/2016 | Impact statement from DPB (SB179) |
01/18/2016 | Reported from General Laws and Technology (11-Y 1-N 3-A) (see vote tally) |
01/20/2016 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
01/21/2016 | Read second time and engrossed |
01/25/2016 | Read third time and passed Senate (34-Y 5-N) (see vote tally) |
02/03/2016 | Placed on Calendar |
02/03/2016 | Read first time |
02/03/2016 | Referred to Committee on General Laws |
02/17/2016 | Assigned GL sub: Subcommittee #2 |
02/18/2016 | Subcommittee recommends reporting (6-Y 0-N) |
02/23/2016 | Reported from General Laws (22-Y 0-N) (see vote tally) |
02/23/2016 | Referred to Committee on Appropriations |
02/24/2016 | Assigned App. sub: Commerce, Agriculture, Natural Resources and Technology |
02/29/2016 | Subcommittee recommends reporting (7-Y 0-N) |
02/29/2016 | Reported from Appropriations (21-Y 0-N) (see vote tally) |
03/02/2016 | Read second time |
03/03/2016 | Read third time |
03/03/2016 | Passed House (95-Y 2-N 1-A) |
03/03/2016 | VOTE: PASSAGE (95-Y 2-N 1-A) (see vote tally) |
03/04/2016 | Enrolled |
03/04/2016 | Bill text as passed Senate and House (SB179ER) |
03/04/2016 | Impact statement from DPB (SB179ER) |
03/04/2016 | Signed by Speaker |
03/07/2016 | Signed by President |
03/08/2016 | G Governor's Action Deadline Midnight, Monday, April 11, 2016 |
03/08/2016 | Enrolled Bill Communicated to Governor on 3/8/2016 |
03/08/2016 | G Governor's Action Deadline Midnight, Sunday, April 10, 2016 |
03/29/2016 | G Approved by Governor-Chapter 520 (effective 7/1/16) |
03/29/2016 | G Acts of Assembly Chapter text (CHAP0520) |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 25 seconds.
Transcript
This is a transcript of the video clips in which this bill is discussed.
CONSTITUTION OF VIRGINIA, I DID VEST HIM OF AUTHORITY HE'S BEEN DAEGTED BY THE -- DELEGATED BY THE FEDERAL GOVERNMENT AND TAKE AWAY FROM THOSE THAT ARE IN THE BEST POSITION TO MAKE THESE DECISIONS AND PUT IT IN THE HANDS OF AN UNWIELDY 140-BODY THAT CAN CANNOT POSSIBLY COME UP WITH THE KINDS OF DETAILED PLANS THAT ARE REQUIRED. IT WOULD POLITICIZE THE PROCESS UNDULY AND MR. PRESIDENT, I WOULD LOPE WE VOTE RED IN THIS CASE. THANK YOU, MR. PRESIDENT.